Investors Buy High Volume of Trimble Put Options (NASDAQ:TRMB)

Trimble Inc. (NASDAQ:TRMB - Get Free Report) was the recipient of some unusual options trading on Monday. Stock investors acquired 16,767 put options on the company. This represents an increase of approximately 870% compared to the typical daily volume of 1,729 put options.

Insider Activity at Trimble

In related news, Director James Calvin Dalton sold 2,141 shares of Trimble stock in a transaction on Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the transaction, the director now owns 10,162 shares in the company, valued at approximately $729,529.98. The trade was a 17.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Christopher F. Keating sold 5,709 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total value of $411,048.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,421 shares of company stock worth $831,683. 0.47% of the stock is owned by insiders.

Institutional Trading of Trimble

Several institutional investors have recently added to or reduced their stakes in the business. KBC Group NV boosted its holdings in shares of Trimble by 81.9% in the 4th quarter. KBC Group NV now owns 159,622 shares of the scientific and technical instruments company's stock valued at $11,279,000 after buying an additional 71,891 shares during the period. JPMorgan Chase & Co. lifted its holdings in Trimble by 22.2% in the third quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company's stock worth $46,594,000 after acquiring an additional 136,452 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in Trimble by 76.5% in the third quarter. Benjamin Edwards Inc. now owns 40,193 shares of the scientific and technical instruments company's stock valued at $2,496,000 after acquiring an additional 17,424 shares during the period. Worldquant Millennium Advisors LLC grew its holdings in shares of Trimble by 768.5% during the third quarter. Worldquant Millennium Advisors LLC now owns 149,705 shares of the scientific and technical instruments company's stock valued at $9,295,000 after purchasing an additional 132,467 shares during the last quarter. Finally, Oak Thistle LLC acquired a new stake in shares of Trimble during the 4th quarter worth approximately $406,000. Institutional investors own 93.21% of the company's stock.

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Analyst Ratings Changes

TRMB has been the subject of several recent research reports. Cfra raised shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price objective for the company in a research report on Thursday, February 20th. JPMorgan Chase & Co. raised shares of Trimble from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $74.00 to $92.00 in a research note on Wednesday, December 4th. Robert W. Baird upped their price objective on shares of Trimble from $82.00 to $90.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Oppenheimer lifted their target price on Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Finally, Sanford C. Bernstein increased their price target on Trimble from $82.00 to $85.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $86.00.

Trimble Stock Performance

Shares of TRMB traded down $6.23 during mid-day trading on Thursday, hitting $60.28. The stock had a trading volume of 1,812,108 shares, compared to its average volume of 1,380,057. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. The company has a market cap of $14.82 billion, a PE ratio of 9.90, a PEG ratio of 3.09 and a beta of 1.57. Trimble has a fifty-two week low of $48.65 and a fifty-two week high of $77.78. The company's fifty day simple moving average is $71.53 and its two-hundred day simple moving average is $69.14.

Trimble Company Profile

Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company's Buildings and Infrastructure segment offers field and office software for project design and visualization; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades.